EOSUSDT Daily timeframe Analysis
Eos held the support area which is shown as the yellow box, also representing the accumulation area. It did break out of the Dynamic resistance line strongly and did a pull back, already.
We are able to see a huge inverted cup and handle as well. We saw a break out of the handle also, if taking this scenario into consideration.
Next resistance areas are shown as blue boxes and if Eos manages to break them through, then new ATH will be very likely. Of course this TA is valid if we don’t see any unexpected dumps from BTC. This TA is based on daily time frame and it’s good for spot trading and it might take days or weeks to play out, depending on the whole Crypto market situation.
This is my personal opinion and please do your own analysis before taking any position and enter any position only after assuming you as the responsible person. Trade at your own risk!
Eos held the support area which is shown as the yellow box, also representing the accumulation area. It did break out of the Dynamic resistance line strongly and did a pull back, already.
We are able to see a huge inverted cup and handle as well. We saw a break out of the handle also, if taking this scenario into consideration.
Next resistance areas are shown as blue boxes and if Eos manages to break them through, then new ATH will be very likely. Of course this TA is valid if we don’t see any unexpected dumps from BTC. This TA is based on daily time frame and it’s good for spot trading and it might take days or weeks to play out, depending on the whole Crypto market situation.
This is my personal opinion and please do your own analysis before taking any position and enter any position only after assuming you as the responsible person. Trade at your own risk!